Global Benign Prostatic Hyperplasia Treatment Market

Global Benign Prostatic Hyperplasia Treatment Market Size, Share, Growth Analysis, By Type(Medications, Minimally Invasive Procedures), By Application(Lower Urinary Tract Symptoms Management, Acute Urinary Retention Treatment) - Industry Forecast 2023-2030


Report ID: SQMIG35E2030 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 64 | Figures: 75

Global Benign Prostatic Hyperplasia Treatment Market Insights

Global Benign Prostatic Hyperplasia Treatment Market size was valued at USD 11.8 billion in 2021 and is poised to grow from USD 12.41 billion in 2022 to USD 18.62 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

Several factors contribute to the market growth of BPH treatment. Firstly, the increasing prevalence of BPH globally is a key driver. As the aging population continues to grow, the incidence of BPH rises, resulting in a larger patient pool seeking treatment. This demographic trend has fueled the demand for innovative and minimally invasive treatment solutions. Minimally invasive procedures such as transurethral resection of the prostate (TURP), laser therapy, and prostatic artery embolization (PAE) have gained prominence due to their reduced invasiveness, shorter recovery times, and fewer complications compared to traditional surgical approaches. These advancements have not only improved patient outcomes but also expanded the market by attracting more patients seeking effective and less invasive treatments. Additionally, increased awareness about BPH and the availability of treatment options have played a crucial role in market growth. Public health initiatives, educational campaigns, and the efforts of healthcare providers have contributed to better understanding and recognition of BPH symptoms, leading to earlier diagnosis and treatment initiation. This has resulted in a higher demand for BPH treatment modalities, positively impacting market growth. The global market for BPH treatment is also influenced by the regulatory landscape and reimbursement policies. Government initiatives to provide favourable reimbursement policies and support the adoption of innovative BPH treatment methods have stimulated market growth.

Market snapshot - (2023-2030)

Global Market Size

USD 11.8 billion

Largest Segment

Medications

Growth Rate

5.2% CAGR

Global Benign Prostatic Hyperplasia Treatment Market ($ Bn)
Country Share for North America Region (%)
Global Benign Prostatic Hyperplasia Treatment By Type ($ Bn)

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Global Benign Prostatic Hyperplasia Treatment Market Segmental Analysis

The global benign prostatic hyperplasia treatment market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into medications, minimally invasive procedures, and surgical procedures. Based on application, the market is segmented into lower urinary tract symptoms management, acute urinary retention treatment, prostate size reduction, and prevention of disease progression. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Type

Medications, such as alpha-blockers and 5-alpha-reductase inhibitors, are commonly prescribed as the first-line treatment for BPH. These medications help relieve the symptoms of BPH by relaxing the prostate gland and reducing its size. Medications are widely used due to their effectiveness, non-invasiveness, and ease of administration. They offer a convenient and accessible treatment option for patients with mild to moderate BPH symptoms.

On the other hand, while medications remain the dominant treatment option, minimally invasive procedures are emerging as the fastest growing type of treatment in the BPH market. Minimally invasive procedures offer a middle ground between medications and surgical procedures, providing effective symptom relief with fewer side effects and a lower risk of complications compared to surgery.

Analysis by Application

Lower Urinary Tract Symptoms (LUTS) Management is the dominant application in the BPH treatment market. LUTS are a common manifestation of BPH, and their management is a primary focus in the treatment of the condition. LUTS include urinary frequency, urgency, nocturia (frequent urination at night), weak urine flow, and incomplete bladder emptying. Various treatment options, including medications, minimally invasive procedures, and surgical interventions, are utilised to manage these symptoms effectively. The dominant focus on LUTS management reflects the importance of improving patients' quality of life by alleviating bothersome urinary symptoms associated with BPH.

The fastest-growing application in the BPH treatment market is Prostate Size Reduction. BPH is characterised by the enlargement of the prostate gland, which can lead to urinary tract obstruction and bothersome symptoms. Prostate size reduction therapies aim to reduce the size of the prostate gland, relieving urinary obstruction and improving urinary flow. Various procedures and technologies, such as minimally invasive techniques, laser therapies, and transurethral resection of the prostate (TURP), are used to achieve prostate size reduction. The growing focus on this application is driven by the increasing demand for effective treatments that directly address the underlying cause of BPH, namely the enlarged prostate gland.

Global Benign Prostatic Hyperplasia Treatment Market By Type, 2021 (%)

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Global Benign Prostatic Hyperplasia Treatment Market Regional Insights

North America holds a significant share in the BPH treatment market due to several factors. The region has a well-developed healthcare infrastructure, advanced medical technologies, and a high prevalence of BPH among the aging population. Additionally, increased awareness about the condition and the availability of innovative treatment options contribute to the dominance of North America in the market. The presence of key market players, extensive research and development activities, and favourable reimbursement policies further support the growth of the BPH treatment market in this region.

On the other hand, Asia Pacific is experiencing rapid growth in the BPH treatment market. The region is witnessing an increasing prevalence of BPH due to factors such as changing lifestyles, urbanisation, and a growing elderly population. Furthermore, improving healthcare infrastructure, rising healthcare expenditure, and increasing awareness about BPH and its treatment options contribute to the rapid growth in Asia Pacific. The region also benefits from the expansion of market players into emerging economies, collaborations with local healthcare providers, and efforts to address the unmet medical needs of the population.

Global Benign Prostatic Hyperplasia Treatment By Geography, (2023-2030)
  • Largest
  • Fastest

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Global Benign Prostatic Hyperplasia Treatment Market Dynamics

Drivers

Growing Awareness and Screening Initiatives

  • There is a growing awareness about benign prostatic hyperplasia (BPH) and its associated symptoms, leading to early detection and diagnosis. Governments, healthcare organisations, and advocacy groups are actively involved in promoting BPH awareness campaigns and screening initiatives. This emphasis on early intervention and timely treatment significantly contributes to the positive growth of the BPH treatment market.

Restraints

Availability of Generic Medications

  • The expiration of patents and the availability of generic medications for BPH treatment options, such as alpha-blockers and 5-alpha reductase inhibitors, have introduced pricing pressures and affected market revenues for branded products. The availability of generic alternatives provides cost-effective options for patients and influences market dynamics in terms of affordability and competition.

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Global Benign Prostatic Hyperplasia Treatment Market Competitive Landscape

The global BPH treatment market is highly competitive, driven by the need for effective and patient-friendly therapeutic options. Companies invest in research and development, product innovation, and strategic collaborations to gain a competitive advantage and meet the evolving needs of healthcare providers and patients.

Top Player’s Company Profiles

  • Astellas Pharma Inc. (Japan)
  • AstraZeneca plc (UK)
  • Eli Lilly and Company (US)
  • GlaxoSmithKline plc (UK)
  • Johnson & Johnson (US)
  • Medtronic plc (Ireland)
  • Merck & Co., Inc. (US)
  • Novartis International AG (Switzerland)
  • Pfizer Inc. (US)
  • Roche Holding AG (Switzerland)
  • Sanofi (France)
  • AbbVie Inc. (US)
  • Bayer AG (Germany)
  • Boston Scientific Corporation (US)
  • Coloplast A/S (Denmark)
  • Olympus Corporation (Japan)
  • Urovant Sciences Ltd. (UK)
  • Teleflex Incorporated (US)
  • NeoTract, Inc. (US)
  • Terumo Corporation (Japan)

Recent Developments

  • In May 2023, Urovant Sciences Ltd. announced that the FDA has approved its new drug, Viberect, for the treatment of BPH. Viberect is a minimally invasive procedure that uses a balloon to reposition the prostate gland and improve urine flow.
  • In April 2023, AbbVie Inc. announced that it had acquired Allergan plc for $63 billion. This acquisition will give AbbVie a strong portfolio of BPH treatments, including Flomax and Harnal.
  • In March 2023, Johnson & Johnson announced that it had completed the acquisition of Momenta Pharmaceuticals for $6.5 billion. This acquisition will give Johnson & Johnson a new BPH treatment, Mirabegron, which is currently under review by the FDA.
  • In February 2023, Pfizer Inc. announced that it has entered into a partnership with Veru Inc. to develop and commercialise a new BPH treatment, VYXEOS. VYXEOS is a combination therapy that uses an alpha-blocker and a 5-alpha reductase inhibitor.
  • In January 2023, Sanofi announced that it had submitted a new drug application to the FDA for its BPH treatment, Enzalutamide. Enzalutamide is a 5-alpha reductase inhibitor that is currently approved for the treatment of prostate cancer.

Global Benign Prostatic Hyperplasia Treatment Key Market Trends

  • Shift towards Minimally Invasive Procedures: Minimally invasive techniques have gained significant traction in the treatment of BPH due to their advantages over traditional surgical interventions. These procedures, such as transurethral resection of the prostate (TURP), laser ablation, and prostatic urethral lift (PUL), offer reduced invasiveness, shorter hospital stays, faster recovery times, and minimal postoperative complications compared to open surgeries. The trend towards minimally invasive BPH treatments is driven by the increasing focus on patient-centred care, improving quality of life, and reducing healthcare costs.

Global Benign Prostatic Hyperplasia Treatment Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to the global benign prostatic hyperplasia (BPH) treatment market analysis, there is a growing demand for advanced treatment options in the healthcare industry. The market for BPH treatment is driven by factors such as increasing awareness, rising prevalence of BPH, and advancements in medical technologies. Various treatment modalities are available for BPH, including medication, minimally invasive procedures, and surgical interventions. Medications such as alpha-blockers and 5-alpha reductase inhibitors are widely prescribed for managing BPH symptoms. Minimally invasive procedures, including laser therapies and transurethral resection of the prostate (TURP), offer effective alternatives to surgical interventions, providing improved patient outcomes and shorter recovery periods. Regionally, North America holds a significant share in the BPH treatment market due to factors such as a large aging population, high healthcare expenditure, and the availability of advanced healthcare infrastructure. Europe also contributes to the market growth, driven by a rising prevalence of BPH and favourable reimbursement policies. The Asia Pacific region is witnessing rapid growth in the BPH treatment market due to increasing healthcare awareness, improving healthcare infrastructure, and a growing elderly population. The market for BPH treatment is poised for growth as the demand for minimally invasive procedures and innovative treatment options increases. Factors such as the aging population, improving healthcare infrastructure, and rising awareness about BPH contribute to the market's expansion. Market players are focusing on research and development activities to introduce novel therapies and cater to the evolving needs of patients worldwide.

Report Metric Details
Market size value in 2021 USD 11.8 billion
Market size value in 2030 USD 12.41 billion
Growth Rate 5.2%
Base year 2021
Forecast period (2023-2030)
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Medications, Minimally Invasive Procedures, and Surgical Procedures.
  • Application
    • Lower Urinary Tract Symptoms Management, Acute Urinary Retention Treatment, Prostate Size Reduction, and Prevention of Disease Progression.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Astellas Pharma Inc. (Japan)
  • AstraZeneca plc (UK)
  • Eli Lilly and Company (US)
  • GlaxoSmithKline plc (UK)
  • Johnson & Johnson (US)
  • Medtronic plc (Ireland)
  • Merck & Co., Inc. (US)
  • Novartis International AG (Switzerland)
  • Pfizer Inc. (US)
  • Roche Holding AG (Switzerland)
  • Sanofi (France)
  • AbbVie Inc. (US)
  • Bayer AG (Germany)
  • Boston Scientific Corporation (US)
  • Coloplast A/S (Denmark)
  • Olympus Corporation (Japan)
  • Urovant Sciences Ltd. (UK)
  • Teleflex Incorporated (US)
  • NeoTract, Inc. (US)
  • Terumo Corporation (Japan)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Benign Prostatic Hyperplasia Treatment Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Benign Prostatic Hyperplasia Treatment Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Benign Prostatic Hyperplasia Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Benign Prostatic Hyperplasia Treatment Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Benign Prostatic Hyperplasia Treatment Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Benign Prostatic Hyperplasia Treatment Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Benign Prostatic Hyperplasia Treatment Market size was valued at USD 11.8 billion in 2021 and is poised to grow from USD 12.41 billion in 2022 to USD 18.62 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

The global BPH treatment market is highly competitive, driven by the need for effective and patient-friendly therapeutic options. Companies invest in research and development, product innovation, and strategic collaborations to gain a competitive advantage and meet the evolving needs of healthcare providers and patients. 'Astellas Pharma Inc. (Japan)', 'AstraZeneca plc (UK)', 'Eli Lilly and Company (US)', 'GlaxoSmithKline plc (UK)', 'Johnson & Johnson (US)', 'Medtronic plc (Ireland)', 'Merck & Co., Inc. (US)', 'Novartis International AG (Switzerland)', 'Pfizer Inc. (US)', 'Roche Holding AG (Switzerland)', 'Sanofi (France)', 'AbbVie Inc. (US)', 'Bayer AG (Germany)', 'Boston Scientific Corporation (US)', 'Coloplast A/S (Denmark)', 'Olympus Corporation (Japan)', 'Urovant Sciences Ltd. (UK)', 'Teleflex Incorporated (US)', 'NeoTract, Inc. (US)', 'Terumo Corporation (Japan)'

There is a growing awareness about benign prostatic hyperplasia (BPH) and its associated symptoms, leading to early detection and diagnosis. Governments, healthcare organisations, and advocacy groups are actively involved in promoting BPH awareness campaigns and screening initiatives. This emphasis on early intervention and timely treatment significantly contributes to the positive growth of the BPH treatment market.

Shift towards Minimally Invasive Procedures: Minimally invasive techniques have gained significant traction in the treatment of BPH due to their advantages over traditional surgical interventions. These procedures, such as transurethral resection of the prostate (TURP), laser ablation, and prostatic urethral lift (PUL), offer reduced invasiveness, shorter hospital stays, faster recovery times, and minimal postoperative complications compared to open surgeries. The trend towards minimally invasive BPH treatments is driven by the increasing focus on patient-centred care, improving quality of life, and reducing healthcare costs.

North America holds a significant share in the BPH treatment market due to several factors. The region has a well-developed healthcare infrastructure, advanced medical technologies, and a high prevalence of BPH among the aging population. Additionally, increased awareness about the condition and the availability of innovative treatment options contribute to the dominance of North America in the market. The presence of key market players, extensive research and development activities, and favourable reimbursement policies further support the growth of the BPH treatment market in this region.

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